Nitto Denko Corp. (OTCMKTS:NDEKY) Short Interest Up 163.8% in May

Nitto Denko Corp. (OTCMKTS:NDEKY) saw a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 9,613 shares, a growth of 163.8% from the May 14th total of 3,644 shares. Based on an average daily trading volume, of 207,926 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Analyst Ratings Changes

Separately, The Goldman Sachs Group cut Nitto Denko from a “strong-buy” rating to a “neutral” rating in a report on Monday, June 8th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Nitto Denko has a consensus rating of “Hold”.

Nitto Denko Price Performance

Shares of OTCMKTS NDEKY traded up $0.12 during midday trading on Friday, reaching $18.96. The company’s stock had a trading volume of 36,849 shares, compared to its average volume of 125,894. Nitto Denko has a 12-month low of $16.43 and a 12-month high of $26.48. The firm has a 50 day moving average price of $19.55 and a 200-day moving average price of $21.67. The stock has a market capitalization of $12.87 billion, a P/E ratio of 14.47 and a beta of 0.85.

Nitto Denko (OTCMKTS:NDEKY) last issued its earnings results on Monday, April 27th. The technology company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.03). Nitto Denko had a net margin of 13.00% and a return on equity of 12.47%. The business had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.54 billion. Nitto Denko has set its FY 2026 guidance at 1.330-1.330 EPS.

About Nitto Denko

Nitto Denko Corporation, trading over?the?counter in the U.S. under the symbol NDEKY, is a Japan?based manufacturer specializing in advanced materials and components. The company’s core offerings include pressure-sensitive adhesive tapes, optical films, and functional polymers used across a broad spectrum of industries. With a focus on innovation, Nitto Denko develops solutions for electronics, automotive, and healthcare markets, leveraging proprietary coating, lamination and microfabrication technologies.

The company’s product portfolio spans display materials—such as polarizing films for LCD panels—semiconductor device protection tapes, thermal interface materials for heat dissipation, and a range of industrial adhesive products.